Lucia

Lucia is 37 years old, married, with three children, ages 17, 10 and 6. She sells seasonal clothing at her stand in the 15 de Mayo area. This loan is her first with the institution.

Lucia is going to use this loan to buy construction materials for building a room in her house. Her reason for requesting this loan is lack of cash for the purchase of these materials.

Lucia faces challenges in her business, such as the weather, and also competition from other businesses selling clothing. She is going to use the profits in the purchase of a variety of clothing, and also in expanding her business so that she can get more customers.

Lucia is a very hard-working person, and feels happy about the opportunity offered by the granting of this loan.

Additional Information

About Emprender

Emprender has been working in Bolivia since 1999. It is dedicated to becoming a key tool in the development of its clients and the improvement of their quality of life. Operating in three of Bolivia’s major cities – La Paz, Cochabamba, and Santa Cruz – Emprender offers both urban and rural clients the opportunity to obtain financial products tailored to fit their needs and businesses. These products include housing loans, salary loans, “opportunity” (short-term) loans, and higher education loans. To better the quality of life for its clients and non-clients through non-financial services, Emprender offers free medical consultations and health classes given by trained doctors.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.